"Completely ridiculous."
  • Peloton is introducing a $95 “used equipment activation fee” for bikes purchased from outside its official channels in the US and Canada, aiming to boost revenue and maintain onboarding quality for new subscribers.
  • The fee has sparked criticism as it reduces the cost savings typically associated with buying secondhand equipment and diverges from practices in other industries, potentially discouraging used market purchases.
  • Peloton’s hardware sales continue to decline, but subscription revenue has seen slight growth; the company still faces financial struggles despite cost-cutting measures and layoffs.
  • M500@lemmy.mlEnglish
    0·
    26 days ago

    I recently read that a baby crib did the same thing they charge an activation fee after it’s sold. First we had subscriptions now we have reselling activation fees. It’s just another way to get a little bit more money.

      • M500@lemmy.mlEnglish
        0·
        26 days ago

        Anyone who has already purchased a Prloton, should be able to resell it. If they can’t, then I see a class action coming.

        New sales could do this I guess, hopefully people will stop buying from crap companies